Vietnamese investors’ rising interest in Myanmar

More than 50 business groups from Vietnam have been conducting market
research in Myanmar in order to look for investment opportunities, said Pho Nam
Phuang, director of Investment and Trade Promotion Centre, on Friday.

The research is being conducted at shopping malls and supermarkets in Yangon
and Mandalay, she said in the press conference at Union of Myanmar Federation
of Chamber of Commerce and Industry.

“The research will cover customer’s habits and obstacles to Vietnamese
companies operating in Myanmar. The results would be submitted on relevant
ministries in coordination with UMFCCI," said Myo Thant, joint secretary
general of UMFCCI.

Myo Thant said Vietnam’s ITPC did another research on the distribution
system last year.

In a related development, Vietnam plans to hold Ho Chi Minh City Expo 2014
at Tatmadaw Hall, Yangon from June 26 to June 30.

The event will showcase agricultural equipment, construction machinery,
interior design decorations, leather products, garments, cosmetics and
commodities from over 80 Vietnamese enterprises. The Vietnamese traditional
food fair is to take place also.

“Along with the products from Ho Chi Minh City, the Myanmar merchandises
will also on display at the expo. We plan to meet with business corporations in
Mandalay too,” said Pho Nam Phuong.

In addition, the Vietnam-Myanmar Trade & Tourism Fair will be held at
UMFCCI building on June 26.